This is to document that Ford Motor Company was in worse condition than both General Motors and Chrysler in 2006 and needed a revised mortgage of $23.6 billion to allow its restructuring to implement change. This allowed for Ford to operate through the 2008 financial crisis without the immediate worry of bankruptcy facing the other auto makers. This was reported and lived as an eye witness to the event by Fred Hoffman, a retired Chrysler executive and assistant to Governor Jennifer Granholm.

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